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$985,000
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Property Description
Heart of Portage Park area. Park is literally 2 blocks south of the property. Building consists of 2 stores and 4 apartments plus a 3-car detached garage. All apartments have updated kitchens and baths. Stores are a beauty shop on the corner about 1200 square feet leased till May 2028 at $1450. per month. Store to the east about 1100 square feet is an art studio leased till September 2027 at $1125. per month. Both stores are under rented. Stores were at one time combined and served as a large grocery store and can easily be done again. Apartments in front are 5 room 2 bedroom depending on use can be 3 bedroom. rented at $1540. and $1850. Two apartments in the rear are 4 room one bedroom leased for $1105. and $1140. 3 car garage and part of basement are rented to a contractor for $600. per month. Total income $8810 per month or $105720 yearly. Gross multiplier 9.9. Expenses total $30861. Net income $74859. Cap rate of 7.1%. Newly coated roof with silicone newer boiler heating system and hot water tank. Any questions, concerns or comments regarding this listing please contact Norbert Mika. See broker remarks for contact information. Text or email preferred. Do not contact Matthew Mika.
Full Property Details
Full Property Details for 4353 N Lockwood Ave
General
- Price: $985,000
- Taxes: $14,063 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12719351
Interior
- Interior Features: Storage Inside
Additional Information
- Security/Safety: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Location
- Area: CHI - Portage Park
- County: Cook
- Township: Jefferson
- Driving Directions: MONTROSE WEST OF LARAMIW ON THE CORNER OF MONTROSE AND LOCKWOOD
- Location Details: Chicago Northwest, Central Business District, Corner
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas, Steam
Utilities
- Onsite: Electricity to Site, Natural Gas Available
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Roof: Reflective Coating, Tar/Gravel
- Stories/Levels: 2
- # of Stores: 2
- Year Built: 1923
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 4
- Units w/Range/Oven: 4
Lot Features
- Lot Size (Sq. Ft.): 5,407
- Lot Dimensions: 43 x 125
- Frontage: City Street
- Potential Use: Commercial, Retail
- Zoning: MULTI
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Insurance Fee: $5,370
- Operating Expenses: $30,861
- Security Deposit: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1923
- Tax Amount: $14,063
- Tax Year: 2024
- Tenant Pays: Electricity, Heat, Other
- Pays Electric: 409
Disclosures and Reports
- Property ID: 13163030010000
Listed by Compass
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Schools
Schools serving 4353 N Lockwood Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Portage Park Elementary School 5330 West Berteau Avenue, Chicago, IL 60641 | PK-8 | 0.2 mi |
Schurz High School 3601 North Milwaukee Avenue, Chicago, IL 60641 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Estimate the Cost
Estimate the Cost for 4353 N Lockwood Ave
4353 N Lockwood Avenue, Chicago, IL 60634 (MLS# 12719351) is a Commercial property. 4353 N Lockwood Avenue is currently listed for $985,000 and was received on August 13, 2026. Want to learn more about 4353 N Lockwood Avenue? Do you have questions about finding other Commercial real estate for sale in Portage Park? You can browse all Portage Park real estate or contact a Coldwell Banker agent to request more information.

